Constellation Brands - STZ Stock Forecast, Price & News

Constellation Brands, Inc., together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. It provides beer primarily under the Corona Extra, Corona Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands. The company offers wine under the 7 Moons, Cook's California Champagne, Cooper & Thief, Crafters Union, Kim Crawford, Meiomi, Mount Veeder, Ruffino, SIMI, The Dreaming Tree, Charles Smith, The Prisoner Wine Company, Robert Mondavi, My Favorite Neighbor, and Schrader; and spirits under the Casa Noble, Copper & Kings, High West, Mi CAMPO, Nelson's Green Brier, and SVEDKA brands. It provides its products to wholesale distributors, retailers, on-premise locations, and state alcohol beverage control agencies. Constellation Brands, Inc. was founded in 1945 and is headquartered in Victor, New York.

Constellation Brands Trading Up 1.6 %

Shares of NYSE:STZ traded up $3.89 on Friday, reaching $243.73. 1,311,222 shares of the company traded hands, compared to its average volume of 1,014,300. Constellation Brands has a fifty-two week low of $207.35 and a fifty-two week high of $261.52. The company has a 50 day moving average of $240.72 and a 200 day moving average of $237.17. The company has a current ratio of 1.40, a quick ratio of 0.70 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $45.04 billion, a PE ratio of 36.82, a P/E/G ratio of 2.07 and a beta of 1.02.

Constellation Brands (NYSE:STZ - Get Rating) last posted its quarterly earnings data on Thursday, June 30th. The company reported $2.66 EPS for the quarter, beating analysts' consensus estimates of $2.51 by $0.15. Constellation Brands had a net margin of 12.72% and a return on equity of 17.19%. The company had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the prior year, the company posted $2.33 EPS. The company's quarterly revenue was up 16.6% compared to the same quarter last year. On average, equities research analysts forecast that Constellation Brands will post 10.91 earnings per share for the current fiscal year.

Constellation Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 24th. Investors of record on Wednesday, August 10th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is Tuesday, August 9th. Constellation Brands's dividend payout ratio (DPR) is presently 48.34%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on STZ shares. TheStreet upgraded shares of Constellation Brands from a "c+" rating to a "b-" rating in a research report on Thursday, April 28th. BMO Capital Markets started coverage on shares of Constellation Brands in a research report on Tuesday, August 2nd. They issued an "outperform" rating and a $290.00 price objective on the stock. Wells Fargo & Company boosted their price objective on shares of Constellation Brands from $275.00 to $280.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 8th. Credit Suisse Group cut their target price on shares of Constellation Brands from $295.00 to $292.00 and set an "outperform" rating for the company in a research note on Friday, July 1st. Finally, Redburn Partners assumed coverage on shares of Constellation Brands in a research note on Wednesday, July 13th. They issued a "buy" rating for the company. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $272.19.

Insider Buying and Selling

In related news, Director Daniel J. Mccarthy sold 1,682 shares of the stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $246.79, for a total transaction of $415,100.78. Following the completion of the sale, the director now owns 3,232 shares of the company's stock, valued at approximately $797,625.28. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Robert Sands sold 1,427,799 shares of the stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $242.81, for a total transaction of $346,683,875.19. Following the completion of the sale, the insider now owns 550,214 shares of the company's stock, valued at approximately $133,597,461.34. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Daniel J. Mccarthy sold 1,682 shares of the company's stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $246.79, for a total value of $415,100.78. Following the completion of the transaction, the director now owns 3,232 shares of the company's stock, valued at approximately $797,625.28. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,612,813 shares of company stock valued at $391,613,819. 16.19% of the stock is currently owned by corporate insiders.